Dáil Éireann Debate, Tuesday - 5 April 2022
256. Deputy Michael Collins asked the Minister for Finance if there is an enhanced and more ambitious policy framework being planned or in discussion in relation to an issue (details supplied); and if he will make a statement on the matter. [18343/22]
View answerThis Government recognises the importance of credit unions. The Programme for Government contains commitments to:
- Review the policy framework within which Credit Unions operate;
- Enable and support the Credit Union movement to grow;
- Support Credit Unions in the expansion of services, to encourage community development; and
- Enable the credit union movement to grow as a key provider of community banking in the country.
With regard to fulfilling the commitments for credit unions in the Programme for Government, the review of the Policy Framework is in its final stages following a recent engagement session with all the credit union representative bodies on the emerging proposals. The proposals being considered aim to better position credit unions to grow as a key provider of community banking
In developing these proposals, Minister Fleming and officials have conducted extensive stakeholder engagement, meeting with the representative bodies, collaborative ventures, service providers, the Credit Union Advisory Committee, the Registrar of Credit Unions and individual credit unions. The information gained from this engagement has helped inform the proposals which will be considered by Government shortly.
